Journal of Business Cycle Measurement and Analysis

Frequency
3 times a year
ISSN: 
1729-3626 (online)
ISSN: 
1729-3618 (print)
http://dx.doi.org/10.1787/17293626
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The Journal of Business Cycle Measurement and Analysis has been discontinued as of 24 June 2016. This journal was published jointly with CIRET from 2004 to 2015. For more information see www.ciret.org/jbcy.

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Article
 

Towards a Monthly Business Cycle Chronology for the Euro Area You do not have access to this content

English
 
Click to Access: 
    http://oecd.metastore.ingenta.com/content/3305011ec002.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/towards-a-monthly-business-cycle-chronology-for-the-euro-area_jbcma-2005-5km7v183t48r
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Author(s):
Emanuel Mönch, Harald Uhlig
08 June 2005
Pages:
27
Bibliographic information
No.:
2,
Volume:
2005,
Issue:
1
Pages:
43–69
http://dx.doi.org/10.1787/jbcma-2005-5km7v183t48r

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This paper is an exercise in dating the Euro area business cycle on a monthly basis. Using a quite flexible interpolation routine, we construct several monthly series of Euro area real GDP, and then apply the Bry-Boschan (1971) procedure. To account for the asymmetry in growth regimes and duration across business cycle phases, we propose to extend this method with a combined amplitude/phase-length criterion ruling out expansionary phases that are short and flat. Applying the extended procedure to US and Euro area data, we are able to replicate approximately the dating decisions of the National Bureau of Economic Research (NBER) and the Centre for Economic Policy Research (CEPR).

 
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